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6 Percent Increase in Michigan Catastrophic Claims Association Premium Come July
April 22nd, 2013 at 1:54 pm   starstarstarstarstar      
REMINDER to Michigan drivers and motorcyclists: the Michigan Catastrophic Claims Association (MCCA) will be increasing the annual premium by 6 percent beginning July 1, 2013. The premium for Michigan motorists and motorcyclists will go from the current $175 to $186.
 
The MCCA is a non-profit association that has been in place since 1978. The purpose of the association is to reimburse auto insurers for personal injury protection benefits that stretch beyond $500,000. With the 6 percent increase come July, the threshold will reach $530,000. Michigan is currently the only state that provides unlimited lifetime medical care for auto accident related injuries under no-fault, (Michigan Catastrophic Claims Association increases rates amid discussions on changing no-fault auto insurance, Melissa Anders, Mlive.com, http://www.mlive.com/business/index.ssf/2013/03/michigan_catastrophic_claims_a.html).
 
As the number of claims over $500,000 increases, so does the MCCA premium.  The current $175 premium for 2012 represents a $30 increase from 2011.   Factoring in the recent 6 percent hike yields an overall 21 percent increase from 2011 to 2013. Last year, a total of $947 million was paid out on catastrophic injury claims. Since 1979, there have been more than 29,470 claims filed, resulting in $9.9 billion paid out (Michigan Catastrophic Claims Association increases rates amid discussions on changing no-fault auto insurance, Melissa Anders, Mlive.com). 
 
The majority of these claims include brain and spinal injuries resulting in permanent disability to the injured.
 
As the MCCA premium continues to rise, lawmakers look to a no-fault reform in Michigan. 
Posted in Uncategorized, Legal, News by Jason Waechter, Esq.
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*Notice/disclaimer:   Jason Waechter is a licensed Michigan attorney who has a relationship and association with lawyers in each state that specialize in handling auto related injury and fatality cases. Should you need specific advice or should the facts of your situation require investigation or a lawsuit, you will be referred to one of these experienced lawyers or firms.  Waechter is proud to have been chosen a Top 100 Trial Lawyer in Michigan.  Should you be referred to another attorney or law firm there will be a division of fees between our firm and the other firm who is working on the case—our affiliate or associating firm.

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We force the proper insurance company to pay your no-fault benefits which may include wage loss, medical bills, mileage to and from the doctors, payment of house hold chores and attendant care.

  

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